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Nonprofiteer
← OUT FOR EDUCATION

Form 990 for tax year 2024

Filed by OUT FOR EDUCATION.

Totals

Total revenue
$192,356
Total expenses
$188,374
Contributions and grants received
$164,806
Grants paid
$164,735
Program service revenue
$0
Investment income
$27,550
Other revenue
$0
Total assets, end of year
$776,617
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$776,617
Program services expenses (Part IX)
$188,374
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$188,374

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $164,806

  • 3 · Investment income

    total $23,317 · related or exempt $23,317

  • 7a · Gross sales of assets other than inventory

    securities $120,513

  • 7b · Less cost or other basis and sales expenses

    other assets $116,280

  • 7c · Gain or loss

    securities $120,513 · other assets -$116,280

  • 7d · Net gain or loss

    total $4,233 · related or exempt $4,233

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $164,735 · program services $164,735

  • 11b · Fees: legal

    total $563 · program services $563

  • 11c · Fees: accounting

    total $4,200 · program services $4,200

  • 11g · Fees: other

    total $11,744 · program services $11,744

  • 12 · Advertising and promotion

    total $1,665 · program services $1,665

  • 13 · Office expenses

    total $4,473 · program services $4,473

  • 14 · Information technology

    total $994 · program services $994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,280 · end of year $109,712

  • 2 · Savings and temporary cash investments

    beginning of year $550,236 · end of year $666,905

  • 27 · Net assets without donor restrictions

    beginning of year $748,516 · end of year $776,617

Mission and programs · 2024

Mission

Provide scholorships to LGBTQ plus other eligible college students.

  • We do not offer any type of programming. Our goal is to provide scholorships to LGBTQ students only. The OFE board is made up of all professional LGBTQ volunteers.

    Expenses $188,374 · Grants $164,735 · Revenue $164,806

As filed on the 2024 return.

Listed in Part VII

  • Ramon Sanchez

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Alexander Petty

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Wayne Lopez

    Vice President

    Total calculated
    $0
    Hours/week
    2
  • Bobby Koshy

    Director And Co-Treasurer

    Total calculated
    $0
    Hours/week
    4
  • Roy Rivera

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Brandi Lira

    President

    Total calculated
    $0
    Hours/week
    4
  • Ryan Fountain

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Devonta Lee

    Direcor

    Total calculated
    $0
    Hours/week
    1
  • Chelsea Sargent Lira

    Director

    Total calculated
    $0
    Hours/week
    1
  • Anthony Hopkins

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sayla Ortega

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Chelsea Drake

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Jason Fernandez

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
22 January 2026
IRS schema version
2024v5.2
Source object
202620229349300807

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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